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Microsoft, Alphabet Deliver Bad News About the Economy

Microsoft, Alphabet Deliver Bad News About the Economy

Microsoft and Alphabet confirm fears that the economy is not doing well. Alphabet has indeed confirmed that inflation, the main threat to the economy, and the interest rate hikes to combat it are affecting the online advertising sector, the main source of income for Google Services, which includes products and services such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube.